The york company has arranged a line of credit that allows it to borrow up to $50 milion at any time. the interest rate is .626 percent per month. additionally, the company must deposit 4 percent of the amount borrowed in a non-interest bearing account. the bank uses compound interest on its line-of-credit loans. what is the effective annual rate on this line of credit?

Markets and competition in a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . true or false: the market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets. true false